Callidus Capital Corp (CBL) Shares Up 6% Following Insider Buying Activity

Callidus Capital Corp (TSE:CBL)’s share price shot up 6% during trading on Tuesday following insider buying activity. The stock traded as high as C$11.14 and last traded at C$11.05. 43,005 shares traded hands during trading, a decline of 33% from the average session volume of 64,118 shares. The stock had previously closed at C$10.42.

Specifically, insider Joseph C. Lewis acquired 3,500 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of C$9.99 per share, for a total transaction of C$34,965.00. Also, insider Joseph C. Lewis acquired 9,700 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were bought at an average price of C$9.83 per share, for a total transaction of C$95,351.00. Insiders have purchased 40,700 shares of company stock worth $407,596 in the last quarter.

A number of research firms recently commented on CBL. Canaccord Genuity lowered their price objective on shares of Callidus Capital Corp from C$13.50 to C$11.50 in a research note on Monday, August 14th. National Bank Financial lowered shares of Callidus Capital Corp from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$18.00 to C$11.00 in a research note on Thursday, August 17th.

The business also recently announced a monthly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 29th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.00%. The ex-dividend date of this dividend was Thursday, September 28th.

WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/11/02/callidus-capital-corp-cbl-shares-up-6-following-insider-buying-activity.html.

Callidus Capital Corp Company Profile

Callidus Capital Corporation (Callidus) is a Canada-based company, which is engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The Company operates a finance business that provides senior secured asset-based loans and lending services to mid-market companies operating in Canada and the United States.

Receive News & Ratings for Callidus Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Capital Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply